Famed auctioneer Sotheby’s has swung total sales of $7.845 million at its auction of South Asian Modern & Contemporary Art in New York. Tyeb Mehta’s Falling Figure with Bird has scaled the highest price of $1,538,500.
Works of today’s practitioners are more innovative & experimental in nature.
DQ Entertainment, which entered India a year ago, has invested around Rs 100 crore in its India operations and has earmarked Rs 200 crore investments for the next couple of years.
Redchillies.vfx, the visual-effects arm of Shah Rukh Khan’s Red Chillies Entertainment, is injecting cutting-edge computer graphics imaging (CGI) into Bollywood films.
Well-known domestic auctioneer Saffronart clocked sales of Rs 29 crore in its autumn auction of contemporary Indian art. Eighteen world auction records were achieved, with 4 lots selling for over Rs 1 crore.
One current trend visible in the art market is the manner in which artists are getting influenced by urban issues and complexities.
Big Pictures, the movie production arm of Anil Dhirubhai Ambani Group company Reliance Big Entertainment, is reeling out around Rs 1,000 crore for 70 films in the next two-years-and-a-half.
The complexion of buyers in the global art market has undergone a change. Around 15-20 years back, Americans were the biggest buyers and collectors of art, including the great Impressionists.
NRIs and domestic collectors are now quite active at international auctions of Indian contemporary art.Sotheby's Art | World of auctions I Indian Art Index | Christie's Art
NRIs and domestic collectors are getting increasingly active at international auctions of Indian contemporary art.Sotheby's Art | World of auctions I Indian Art Index | Christie's Art
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